Choreo LLC Acquires New Shares in Arthur J. Gallagher & Co. (NYSE:AJG)

Choreo LLC acquired a new stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,595 shares of the financial services provider’s stock, valued at approximately $1,258,000.

A number of other institutional investors have also recently bought and sold shares of AJG. FMR LLC increased its stake in shares of Arthur J. Gallagher & Co. by 8.1% in the third quarter. FMR LLC now owns 9,664,117 shares of the financial services provider’s stock worth $2,202,742,000 after purchasing an additional 726,485 shares during the period. Morgan Stanley increased its stake in Arthur J. Gallagher & Co. by 0.6% during the third quarter. Morgan Stanley now owns 6,209,557 shares of the financial services provider’s stock valued at $1,415,345,000 after acquiring an additional 34,999 shares during the period. JPMorgan Chase & Co. increased its stake in Arthur J. Gallagher & Co. by 1.9% during the third quarter. JPMorgan Chase & Co. now owns 5,000,975 shares of the financial services provider’s stock valued at $1,139,872,000 after acquiring an additional 90,842 shares during the period. WCM Investment Management LLC increased its stake in Arthur J. Gallagher & Co. by 0.5% during the fourth quarter. WCM Investment Management LLC now owns 2,610,081 shares of the financial services provider’s stock valued at $583,249,000 after acquiring an additional 13,208 shares during the period. Finally, Invesco Ltd. increased its stake in Arthur J. Gallagher & Co. by 3.6% during the third quarter. Invesco Ltd. now owns 2,572,182 shares of the financial services provider’s stock valued at $586,277,000 after acquiring an additional 88,861 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AJG. Jefferies Financial Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and decreased their price objective for the company from $279.00 to $233.00 in a report on Tuesday, January 9th. Keefe, Bruyette & Woods decreased their price objective on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a report on Wednesday, April 10th. Truist Financial reaffirmed a “hold” rating and set a $255.00 price objective (down from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Piper Sandler decreased their price objective on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating on the stock in a report on Monday. Finally, TD Cowen boosted their target price on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $255.31.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock opened at $234.71 on Wednesday. The firm has a fifty day moving average of $243.98 and a two-hundred day moving average of $239.00. The stock has a market capitalization of $51.24 billion, a price-to-earnings ratio of 47.51, a PEG ratio of 2.20 and a beta of 0.68. Arthur J. Gallagher & Co. has a 52 week low of $198.52 and a 52 week high of $256.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.03 and a current ratio of 1.05.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.41 by $0.08. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The company had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the previous year, the company posted $3.03 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities research analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 48.58%.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 15,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the completion of the transaction, the vice president now owns 96,709 shares in the company, valued at approximately $24,666,597.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Arthur J. Gallagher & Co. news, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $255.20, for a total value of $308,026.40. Following the sale, the vice president now owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott R. Hudson sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total value of $3,825,900.00. Following the completion of the sale, the vice president now directly owns 96,709 shares in the company, valued at approximately $24,666,597.54. The disclosure for this sale can be found here. Insiders sold a total of 29,016 shares of company stock worth $7,176,180 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.